Forex Opinion & Analysis

AUD: CB Leading Index rises to 0.4% vs 0.2% expected but did little to help slow down the AUD declines. CNY: Manufacturing PMI fell short of expectations at 50.3 vs 51.5 forecast, making it a...

EUR/JPY near term outlook:In the July 31st email, affirmed the view of an important bottoming in the 136.00/25 support area (Feb low, base of bull channel from July 2012), and now with potential for...

The AUD/USD looks under a bit of pressure and comments from the RBA did the bulls no favours. We may see a pull back from the recent movement, however, a touch of the bearish trend line should see a...

The Euro has taken a tumble in the last 48 hours on the charts, and for many this comes as no surprise. What is most certainly clear is that the U.S dollar is getting back into strengthening mode on...

Trading the News: U.K. Retail SalesA pickup in U.K. Retail Sales may spur a more meaningful rebound in the GBP/USD as it raises the prospects for a stronger recovery in the second-half of...

Important levels in the EUR/USD today have the following meanings: the pair is trading down 0.31% at 1.3278. Support at 1.3254 (low of 13 September 2013), 1.3243 (low of 11 September 2013) and 1.3230...

USD/CAD continues to rise in the direction of the key resistance level 1.1007 that was earlier identified by Autochartist on the daily charts – as you can see from the following trade...

The Aussie has been one of the many currencies benefiting from Kiwi weakness. However, as the Kiwi begins to look overstretched across the board is does raise questions of how much more energy the...

For the 24 hours to 23:00 GMT, the AUD weakened 0.15% against the USD to close at 0.9285.LME Copper prices declined 0.2% or $12.5/MT to $6922.0/MT. Aluminium prices rose 0.4% or $9.0/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.26% against the CAD to close at 1.0967.In economic news, June wholesale sales advanced 0.6% in Canada, on a monthly basis, beating market expectations for...

For the 24 hours to 23:00 GMT, the USD rose 0.46% against the CHF and closed at 0.9135.In the Asian session, at GMT0300, the pair is trading at 0.9143, with the USD trading 0.09% higher from...

For the 24 hours to 23:00 GMT, the USD strengthened 0.78% against the JPY and closed at 103.72.In economic news, convenience store sales fell 0.7%, on an annual basis in July, in Japan, compared to a...

For the 24 hours to 23:00 GMT, the GBP fell 0.14% against the USD and closed at 1.6596. The greenback strengthened as the minutes of the latest Fed meeting was hawkish. However, the Pound gained...

For the 24 hours to 23:00 GMT, the EUR declined 0.47% against the USD and closed at 1.3258. The US Dollar gained ground after the US Fed, in the minutes of its latest policy meeting, highlighted the...